Builders FirstSource, Inc. (NYSE:BLDR) Director Acquires $548,350.00 in Stock

Builders FirstSource, Inc. (NYSE:BLDR - Get Free Report) Director Dirkson R. Charles bought 5,000 shares of the business's stock in a transaction that occurred on Tuesday, May 27th. The stock was purchased at an average price of $109.67 per share, with a total value of $548,350.00. Following the completion of the purchase, the director now directly owns 5,000 shares of the company's stock, valued at $548,350. This represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Builders FirstSource Price Performance

Shares of Builders FirstSource stock traded down $2.13 during midday trading on Monday, reaching $105.55. The company had a trading volume of 2,245,143 shares, compared to its average volume of 1,677,240. The company has a current ratio of 1.77, a quick ratio of 1.16 and a debt-to-equity ratio of 0.86. The stock has a fifty day simple moving average of $116.60 and a 200 day simple moving average of $140.95. Builders FirstSource, Inc. has a 1-year low of $102.60 and a 1-year high of $203.14. The company has a market capitalization of $11.66 billion, a price-to-earnings ratio of 11.65, a price-to-earnings-growth ratio of 0.80 and a beta of 1.79.

Builders FirstSource (NYSE:BLDR - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $1.51 EPS for the quarter, beating the consensus estimate of $1.50 by $0.01. Builders FirstSource had a return on equity of 30.54% and a net margin of 6.57%. The company had revenue of $3.66 billion during the quarter, compared to analysts' expectations of $3.67 billion. During the same period last year, the firm earned $2.65 EPS. The business's revenue for the quarter was down 6.0% on a year-over-year basis. As a group, equities research analysts forecast that Builders FirstSource, Inc. will post 11.59 earnings per share for the current year.

Builders FirstSource declared that its board has initiated a share repurchase plan on Thursday, May 1st that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the company to repurchase up to 3.9% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on BLDR. Truist Financial dropped their price target on shares of Builders FirstSource from $220.00 to $180.00 and set a "buy" rating for the company in a research report on Friday, February 21st. The Goldman Sachs Group lowered their price objective on Builders FirstSource from $200.00 to $180.00 and set a "buy" rating on the stock in a research note on Friday, February 21st. BMO Capital Markets cut their target price on Builders FirstSource from $146.00 to $135.00 and set a "market perform" rating for the company in a research report on Monday, May 5th. Loop Capital lowered their price target on Builders FirstSource from $190.00 to $170.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Finally, Robert W. Baird set a $130.00 price objective on Builders FirstSource in a research note on Friday, May 2nd. Six research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Builders FirstSource currently has an average rating of "Moderate Buy" and an average price target of $167.58.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Janney Montgomery Scott LLC lifted its holdings in Builders FirstSource by 8.6% in the fourth quarter. Janney Montgomery Scott LLC now owns 9,420 shares of the company's stock valued at $1,346,000 after buying an additional 746 shares during the period. Geneos Wealth Management Inc. lifted its stake in shares of Builders FirstSource by 105.8% in the 4th quarter. Geneos Wealth Management Inc. now owns 1,027 shares of the company's stock valued at $147,000 after purchasing an additional 528 shares during the period. Blue Trust Inc. boosted its position in shares of Builders FirstSource by 24.8% in the 4th quarter. Blue Trust Inc. now owns 3,286 shares of the company's stock worth $470,000 after purchasing an additional 652 shares during the last quarter. KBC Group NV grew its stake in shares of Builders FirstSource by 116.0% during the fourth quarter. KBC Group NV now owns 154,395 shares of the company's stock worth $22,068,000 after purchasing an additional 82,912 shares during the period. Finally, Perigon Wealth Management LLC grew its stake in shares of Builders FirstSource by 30.9% during the fourth quarter. Perigon Wealth Management LLC now owns 5,208 shares of the company's stock worth $744,000 after purchasing an additional 1,230 shares during the period. Institutional investors own 95.53% of the company's stock.

Builders FirstSource Company Profile

Builders FirstSource, Inc, together with its subsidiaries, manufactures and supplies building materials, manufactured components, and construction services to professional homebuilders, sub-contractors, remodelers, and consumers in the United States. It offers lumber and lumber sheet goods comprising dimensional lumber, plywood, and oriented strand board products that are used in on-site house framing; manufactured products, such as wood floor and roof trusses, floor trusses, wall panels, stairs, and engineered wood products; and windows, and interior and exterior door units, as well as interior trims and custom products comprising intricate mouldings, stair parts, and columns under the Synboard brand name.